Finance

N26’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images German digital bank N26 has raised an additional $100 million in funding, as it braces for economic uncertainty from the coronavirus pandemic. The investment, backed by existing investors such as Chinese tech giant Tencent and Peter Thiel’s Valar Ventures,

Wall Street and much of the Financial District stands empty as the coronavirus keeps financial markets and businesses mostly closed on April 20, 2020 in New York City. Spencer Platt | Getty Images Stock futures rose slightly in overnight trading on Monday as investors remained focused on the reopening of the U.S. economy. Futures on

Warren Buffett Gerry Miller | CNBC This is a live blog. Check back for updates 9:12 am: The S&P 500 hits a big resistance zone, Bank of America chart analyst says The market has rallied furiously from its March low, but the comeback may have run out of steam, according to Stephen Suttmeier, Bank of America’s

A mark of 999.9 fine sits on hallmarked one kilogram gold bullion bars at the Valcambi SA precious metal refinery in Lugano, Switzerland, on April 24, 2018. Stefan Wermuth | Bloomberg | Getty Images Gold prices could “break the highs” seen earlier this year, after declining in March along with assets across the board, according

A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York City, New York, March 6, 2020. Andrew Kelly | Reuters Stock futures fell on Sunday night as traders weighed the reopening of the economy along with brewing tensions between China and the U.S. Dow Jones

Warren Buffett Gerry Miller | CNBC Warren Buffett said Saturday he is optimistic that the U.S. economy will re-emerge even after being dealt a body blow by the coronavirus pandemic.  “Nothing can basically stop America,” said Buffett, chairman and CEO of Berkshire Hathaway, from the conglomerate’s first virtual shareholder’s meeting from Omaha, Nebraska. “The American

Take a look at some of the biggest movers in the premarket: Exxon Mobil (XOM) – Exxon posted a GAAP loss of 14 cents per share, and a non-GAAP profit of 53 cents per share. The consensus estimate was for a breakeven quarter. The company announced a 30% cut in capital spending and will also

RBS’ standalone digital bank Bo. RBS British state-backed bank RBS has dropped its standalone digital bank Bo following a tumultuous launch and a global pandemic that has forced the lender to refocus its investment strategy. RBS launched Bo, an app-based account accompanied by a yellow payment card, back in November on Google and Apple’s app

A pigeon flies over a Exxon mobil gas station on October 25, 2018 in Gutenberg New Jersey. Kena Betancur | Corbis News | Getty Images Exxon Mobil reported a loss in the first quarter as oil prices dropped to historic lows. The oil giant lost $610 million in the first quarter due to writedowns tied to

8:25 am: Wall Street analysts react to Apple earnings The tech giant reported mixed earnings on Thursday after the bell but analysts say Apple is well-positioned as the 5G cycle begins to ramps up. “We remain positive on the long-term eco-system and product development opportunities, coupled with a strong balance sheet and brand position,” Baird said.

A woman with a facial mask passes the New York Stock Exchange (NYSE) on February 3, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images Stock futures fell sharply on Thursday night as traders pored through the latest batch of big tech earnings after Wall Street wrapped up its

Western Digital hard drives are shown for sale at an Office Depot Inc store in Encinitas, California. Mike Blake | Reuters Check out the companies making headlines after the bell. Amazon — The e-commerce giant’s stock tumbled 5% in extended trading after the company posted its first-quarter financial results. The company reported first-quarter earnings of

This is a live blog. Please check back for updates.  7:41 am: Facebook shares jump on ad revenue ‘stability’ Shares of the social media giant jumped more than 8% in the premarket after the company reported “stability” in its ad revenue after a decline in March. Facebook said its March ad revenues dropped sharply amid

The logo of DBS, Singapore’s largest bank. Roslan Rahman | AFP | Getty Images Southeast Asia’s largest bank, DBS, on Thursday said it set aside 1.09 billion Singapore dollars ($772.5 million) to cover potential losses from the coronavirus pandemic — which resulted in a 29% year-over-year fall in net profit in the first quarter.  The Singaporean

Market researcher James Bianco warns April’s big run will collapse. His reason: Investors are too bullish. “I understand the market has been up a lot since the March low. But what I see in the market is a retracement rally that looks very similar to the first type of rallies that you get in protracted

Shoppers are increasingly paying in ways that don’t involve touching cash, or handing over a credit card, because of fears of the coronavirus, according to Mastercard.  The credit-card giant reported a 40% jump in contactless payments — including tap-to-pay and mobile pay — during the first quarter as the global pandemic worsened. Mastercard CEO Ajay Banga

A couple wearing protective facemasks as a prevention measure against the COVID-19 coronavirus walk at a nearly empty shopping mall in Beijing on February 27, 2020. Nicolas Asfouri | AFP | Getty Images BEIJING — As businesses try to boost sales to during the coronavirus slump, one of the hottest trends in marketing has created plenty

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Budget Committee hearing in Washington, D.C., U.S., on Thursday, Nov. 14, 2019. Andrew Harrer | Bloomberg | Getty Images Stock futures fell slightly in overnight trading on Tuesday as investors eyed guidance from the Federal Reserve on the future path of interest rates

A masked pedestrian carrying water bottles walks past the Charging Bull statue in lower Manhattan on April 02, 2020 in New York City. Bruce Bennett | Getty Images This is a live blog. Check back for updates. 7:49 am: Caterpillar says first-quarter sales decline 21%, does not give 2020 outlook because of pandemic Caterpillar experienced a

The entrance of the China Securities Regulatory Commission (CSRC). Zhang Peng | LightRocket |Getty Images In a period fraught with tensions with the U.S., China is trying to show it’s being serious about tackling fraud. Nasdaq-listed Luckin Coffee said Monday it was cooperating with regulators, following reports of government investigation into the company over recently disclosed